My father has a will that stipulates his estate go to me and my three siblings (my mother is deceased). I am on his bank account. When he passes and I divide the bank account evenly between the four of us, is that considered my gifting them the money? I read somewhere that if there is a will listed all of us as beneficiaries, then it wouldn't be considered a gift, and therefore not a taxable event for them or me. Is that correct?
